Equity Research Report: Master Pick-Gujarat Pipavav Port Ltd

Gujarat Pipavav Port Limited is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations. Unlike most ports in the western region where coal is an important shipment, GPPL derives only 30% of its volumes from coal. Nearly 60 per cent of its business is from container handling and 10% is from liquid terminals.

In order to accommodate that surge, it traded in corrective pattern for last one year and recently completed its base formation around the support zone of long term moving averages. Now, it looks all set to resume uptrend so traders should accumulate in the given range of 170-173 with close below stop loss of 160 for the target of 202.

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